• Latest
  • Trending
  • All
Equities turn mixed in muted holiday trading

Investor concerns recede but markets stay vulnerable

September 29, 2021 14:56
Equity markets mostly depressed

Equity markets mostly depressed

September 22, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
Dollar lacks upside momentum due to lower Treasury yields

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
Stock markets directionless as Fed meeting looms

Stock markets directionless as Fed meeting looms

September 19, 2023 07:03
Dollar lacks upside momentum due to lower Treasury yields

Dollar under some pressure after the weekend

September 18, 2023 07:00
Economic data and ECB boost stock market rally

Economic data and ECB boost stock market rally

September 15, 2023 07:57
Dollar lacks upside momentum due to lower Treasury yields

USD hesitates below the 105.00 barrier

September 14, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

USD steady and resilient in anticipation of US CPI

September 13, 2023 07:15
Stock markets struggle for direction ahead of major events

Stock markets struggle for direction ahead of major events

September 12, 2023 07:19
Dollar lacks upside momentum due to lower Treasury yields

Dollar rally pauses to start the week

September 11, 2023 06:46
Risk sentiment improves somewhat after a streak of losses

Risk sentiment improves somewhat after a streak of losses

September 8, 2023 07:08
Dollar lacks upside momentum due to lower Treasury yields

Unabated dollar demand keeps pressuring gold

September 7, 2023 07:26
  • Terms & Сonditions
  • Contact
Friday, September 22, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

    Stocks advance amid signs of a cooling US economy

    Stocks advance amid signs of a cooling US economy

    Powell and China fuel stock market rally

    Powell and China fuel stock market rally

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

    Stocks advance amid signs of a cooling US economy

    Stocks advance amid signs of a cooling US economy

    Powell and China fuel stock market rally

    Powell and China fuel stock market rally

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Investor concerns recede but markets stay vulnerable

Investor concerns recede but markets stay vulnerable

by Stephen Soo
September 29, 2021 14:56
in Fundamental analysis
0
Equities turn mixed in muted holiday trading

Evergrande Group sells a stake in Shengjing Bank for $1.5 billion

Wall Street stocks suffered solid losses overnight amid another surge in US Treasury yields. The yield on the 10-year Treasury jumped to 1.56%, its highest level since late June. The sentiment deteriorated after the Fed’s Powell reiterated that the central bank was ready to start tapering soon. On the data front, U.S. consumer confidence declined for the third straight month in September. Against this backdrop, the S&P 500 plunged 2.04% to see its steepest drop since May. The tech-heavy Nasdaq Composite shed 2.83% while the Dow Jones lost 1.6%.

Asian stocks were mostly lower on Wednesday. Bucking the trend, Hong Kong’s Hang Seng index gained 0.58% after Evergrande Group said it was selling a stake in Shengjing Bank for $1.5 billion. Evergrande’s Hong Kong-traded shares jumped over 12% on the announcement. Meanwhile, Tokyo’s Nikkei 225 sank 2.12%, the Kospi in Seoul dropped 1.22% and the Shanghai Composite index shed 1.83%.

In Europe, equities steadied today after a steep sell-off, with the pan-European STOXX 600 index rising 0.8% in early trade. Later today, Federal Reserve Chairman Jerome Powell, European Central Bank President Christine Lagarde, Bank of Japan Governor Haruhiko Kuroda, and the Bank of England’s Governor Andrew Bailey will speak at a forum.

In currencies, the dollar extended gains to fresh highs on Wednesday, with the USD index approaching the 94.00 figure during the European hours. As such, EURUSD slipped to early-November lows in the 1.1655 area against the backdrop of the hawkish message from Chief Powell. The next support zone is expected at 1.1630.

Meanwhile, Brent crude keeps retreating from three-year highs registered just below the $80 handle on Tuesday. The futures corrected lower to the $76.75 area before bouncing marginally in recent trading. The market focus now shifts to the EIA weekly report after the data by API showed that US crude oil stockpiles increased by 4 million barrels last week.

Tags: BRENTDOW JONESECBEURUSDFederal ReserveJerome PowellNasdaqNikkeiOilS&P 500Stoxx 600
Share3Tweet2
ADVERTISEMENT
Stephen Soo

Stephen Soo

Stephen's specialty is fundamental analysis. He graduated from the Booth School of Business, the University of Chicago. Stephen currently cooperates with several news agencies, and on FWNews he publishes macroeconomic news and reviews on brokerage companies.

Related Posts

Equity markets mostly depressed
Fundamental analysis

Equity markets mostly depressed

September 22, 2023 07:00
11
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
14
Stock markets directionless as Fed meeting looms
Fundamental analysis

Stock markets directionless as Fed meeting looms

September 19, 2023 07:03
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar under some pressure after the weekend

September 18, 2023 07:00
13
Economic data and ECB boost stock market rally
Fundamental analysis

Economic data and ECB boost stock market rally

September 15, 2023 07:57
15

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bostic says the Fed needs to do more to address racial economic impact from the pandemic

October 19, 2020 11:13
10
Dollar lacks upside momentum due to lower Treasury yields

Greenback lacks bullish drivers to regain ground

January 11, 2022 00:20
10
Pound corrects higher due to dollar weakness

Dollar at one-month lows, lifting gold

October 21, 2020 10:04
14

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
124
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2022 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2022 FWNews